Individual Retirement Accounts (IRAs)

Secure Your Future With Confidence

Key Features

  • Competitive Interest
  • Tax Advantages*
  • No Setup or Maintenance Fees
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Tax-Advantaged Retirement Savings — Your Way

Eclipse Bank’s Individual Retirement Accounts (IRAs) help you build a strong financial future while taking advantage of valuable tax benefits. Whether you choose a Traditional IRA or Roth IRA, you’ll enjoy competitive interest rates, no account fees, and the flexibility to grow your retirement savings with peace of mind.

Key Features & Benefits

  • Competitive Interest Rates — Earn more than standard savings

  • Traditional & Roth IRA Options — Choose the right fit for your goals

  • No Setup Fees or Maintenance Fees — More savings stay in your account

  • Annual Contribution Limits Apply — Up to $7,000 for 2025 including catch-up contributions for age 50+

  • Use IRA Funds to Purchase CDs — Combine retirement security with guaranteed returns

  • $1,000 Minimum Opening Deposit

Consult a tax advisor for contribution eligibility and potential tax advantages.

Traditional IRA: Save Now, Pay Taxes Later

  • No income limits to open

  • Contributions may be tax-deductible¹

  • Tax-deferred earnings until withdrawal

  • Withdrawals allowed starting at age 59½

  • Mandatory withdrawals begin at age 72½

  • Early withdrawals may incur a penalty²

Roth IRA: Pay Taxes Now, Withdraw Tax-Free Later

  • Income limits apply to open³

  • Contributions are not tax-deductible

  • Tax-free growth and qualified withdrawals¹

  • No mandatory distribution age

  • Principal can be withdrawn anytime without penalty¹

  • Withdraw earnings tax-free after age 59½ if conditions are met

Which IRA Is Right for You?

The choice between a Traditional and Roth IRA depends on your current tax bracket, retirement timeline, and income. A Traditional IRA may benefit those seeking immediate tax relief, while a Roth IRA offers the potential for tax-free income in retirement.

Start Saving for Retirement Today

Open your Eclipse IRA account today and take control of your future. Visit one of our branches or contact us to speak with a banking expert who can help you choose the right IRA for your needs.

Member FDIC. IRA products are insured up to applicable limits.
¹Subject to eligibility and conditions. ²Exceptions may apply. ³Consult a tax advisor for income limit details.

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*Consult a tax advisor.